Goldman Sachs cut target for LEG Immobilien stock to EUR 44.30

Published on 10/14/2026 at 12:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs kept Neutral on October 12, 2026. LEG Immobilien stock costs EUR 46.32 on October 14, 2026, 2.61 percent above October 13 Xetra EUR 45.14.

Analyst target meets financing risk

Goldman Sachs maintained a Neutral rating on October 12, 2026 and set a EUR 44.30 target.
In the first half of 2026, AFFO was EUR 110.50 million versus EUR 126.60 million.
LEG Immobilien stock trades at EUR 46.32 at 12:07 p.m. CEST at Lang & Schwarz on October 14, 2026, 2.61 percent above the Xetra close of October 13, 2026.

Bauhaus-Poster mit geometrischen Gebäudeformen und dem Schriftzug REAL ESTATE — LEG Immobilien SE (DE000LEG1110) im Immobiliensektor tätig, dargestellt als geometrisches Bauhaus-Poster mit Gebäudeformen, Illustration mit AI erstellt.

Goldman Sachs cut its LEG Immobilien target from EUR 50.20 to EUR 44.30 while keeping a Neutral rating on October 12, 2026, according to Finanztrends. LEG Immobilien stock nevertheless stood at EUR 46.32 at Lang & Schwarz on October 14, 2026 at 12:07 p.m. CEST, 2.61 percent above the Xetra close of October 13, 2026 at EUR 45.14.

Three events reshape the picture

On August 4, 2026, LEG reported first-half AFFO of EUR 110.50 million, down 12.70 percent from EUR 126.60 million in the first half of 2025. The company confirmed full-year AFFO guidance of EUR 220 million to EUR 240 million, according to the Yahoo Finance transcript.

On October 8, 2026, CEO Lars von Lackum said higher financing costs could add EUR 10 million annually from 2027 while LEG refinances EUR 1 billion each year, as reported by Finanznachrichten. That cost pressure provides a concrete counterweight to the maintained cash-flow guidance.

What does the target mean for valuation

Goldman Sachs analyst Jonathan Kownator set the EUR 44.30 target and maintained Hold on October 12, 2026, according to Markets Insider. The target is EUR 1.?? below the Lang & Schwarz price, but the two quotations use different venues and the target comparison is therefore not used as a percentage measure.

For the first half of 2026, adjusted EBITDA rose 2.30 percent to EUR 368.10 million and the adjusted EBITDA margin reached 77.80 percent. Loan-to-value fell to 45.50 percent from 47.60 percent a year earlier, according to the earnings-call transcript, leaving balance-sheet progress alongside the refinancing risk.

Next dates for LEG Immobilien

LEG's investor-relations calendar lists the third-quarter 2026 update for November 12, 2026. The calendar also lists the Kepler Cheuvreux Pan-European Real Estate Conference for November 13, 2026, according to LEG Investor Relations.

Price stands above the Xetra close

At Lang & Schwarz, LEG Immobilien stock was trading at EUR 46.32 on October 14, 2026 at 12:07 p.m. CEST, 2.61 percent above the Xetra close of October 13, 2026 at EUR 45.14. The finance-data snapshot shows a market capitalization of EUR 3.6 billion and a 52-week range of EUR 44.30 to EUR 71.65 as of October 14, 2026. The further course of trading is shown by the continuously updated real-time quote of LEG Immobilien stock.